Nationwide Transport Finance

With factoring all your loads become “quick pay” but with a much less expensive rate than traditional quick pay. Your invoices are submitted to NTF and we fund an advance amount on your invoices the day we receive them. We can fund your invoice in multiple ways including ACH Direct Deposit, EFS Check or EFS Fuel Card loaded, ComChek or Comdata fuel card loaded.We perform collections on the bills as they fall due and when we receive payment from your customer it is applied to the invoice, and the remainder due to you is immediately credited to your account, less a fee determined by how long it took for the bill to collect.The advantage of a non-recourse factoring program is that if a credit default occurs and the debtor does not pay, you still keep the initial funds received from NTF when we purchased the bill, and suffer only from not getting the collection residual. NTF bears the entire loss of principal and income! In other words we assume the credit risk of a non payment.NTF does not require that you maintain a cash deposit based on the receivables purchased, like many other receivable lenders who mystically offer larger initial advance percentage – in reality they are just using your money for the higher advance.